The Intel-backed autonomous driving chip developer is raising hundreds of millions of dollars, while smart EV developer Nio will shortly close a $500m fund.
Horizon Robotics, a China-based artificial intelligence (AI) chip developer backed by semiconductor technology producer Intel, is raising hundreds of millions of dollars in fresh funding, Bloomberg reported on Sunday.
The capital will be supplied by a range of strategic investors including an as-yet undisclosed semiconductor manufacturer and several Chinese and foreign carmakers. Intel is not currently expected to provide follow-on funding.
Horizon Robotics is working on embedded AI chips that facilitate computer vision in devices such as smart cars, making…
